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Vuzix Corporation Message Board

  • hznp_holder hznp_holder Aug 21, 2013 4:15 PM Flag

    "Vuzix Corporation - The Google Glasses Competitor That Could More Than Double" --Nice article

    Aug 20, 2013 9:38 AM | about stocks: AAPL, GOOG

    Google (GOOG) Glasses concept has positioned itself to be the next hot tech gadget. All you have to do is google Google Glasses (pun intended) , and you will see excitement is building up in the tech world for this new product. However, just as GOOG was a successful competitor to Apple (AAPL) for smartphones, GOOG may have a strong competitor of its own when it comes to Google Glasses.

    Vuzix Corporation (VUZI.OB), is a leading supplier of Video Eyewear products in the consumer, commercial and entertainment markets. The Company's products, personal display devices that offer users a portable high quality viewing experience, provide solutions for mobility, wearable displays and virtual and augmented reality. Vuzix holds 33 patents and 15 additional patents pending and numerous IP licenses in the Video Eyewear field. The company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2013 and several wireless technology innovation awards, among others. Founded in 1997, Vuzix is a public company (VUZI.OB) with offices in Rochester, NY, Oxford, UK and Tokyo, Japan.

    Some highlights about VUZI.OB from their own presentation :

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    VUZI.OB recently raised approximately $8mm and now has approximately $4,500,000 in cash, positive stockholders' equity and is virtually debt free. They have a strong intellectual property portfolio consisting of more than 44 patents and patents pending with other key technology licenses. So they may be a strong competitor for GOOG and also a patent play on this new hot gadget.

    Risks include the ability to gain mainstream acceptance. However, it is rumored that their products will be priced less than Google glasses so this may be seen as a lower cost alternative. Vuzix and Google are mostly at pre-revenue stage with these products so there is no comparison for valuation

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